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SAN DIEGO—Stacey G. Rock, President of the KTT Division at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), has sold shares worth $106,011, according to a recent SEC filing. The transactions, completed on March 3, 2025, involved the sale of 4,000 shares of common stock at prices ranging from $26.4918 to $26.5821 per share.
The sales were conducted under a 10b5-1 trading plan, which Rock adopted on May 22, 2024. Following these transactions, Rock holds 49,347 shares directly, including shares acquired through the company’s Employee Stock Purchase Plan and 401(k) Plan.
Kratos Defense & Security Solutions, based in San Diego, specializes in the production of guided missiles, space vehicles, and related parts.
In other recent news, Kratos Defense & Security Solutions reported its fourth-quarter 2024 earnings, revealing a slight revenue miss but an earnings per share (EPS) that exceeded expectations. The company achieved an EPS of $0.13, surpassing the forecast of $0.10, while its revenue was $283.1 million, falling short of the projected $287.58 million. Kratos also announced a joint venture with Rafael, an Israeli defense company, to produce rocket motors, targeting a market opportunity estimated at $1 billion. This collaboration is expected to enhance Kratos’s merchant portfolio, which already includes partnerships for drone jet engines and space systems.
Benchmark analysts reiterated a Buy rating on Kratos, maintaining a price target of $38.00, citing the company’s shift towards becoming a merchant provider of defense solutions. Despite the revenue miss, Kratos demonstrated strong organic growth with a 9.1% increase for the year and a book-to-bill ratio of 1.5:1. The company projects a 10% organic revenue growth for 2025, with plans for significant capital expenditures to enhance production facilities. Kratos’s fourth-quarter financial results were in line with expectations, though the forecast for FY25 EBITDA fell short due to the timing of program wins. However, initial guidance for FY26 is at the higher end of market expectations, indicating potential future growth.
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